Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
I demand more FUD!.
the price will drop, because they all think it will skyrocket and noobs having no idea, that they are going to lose money in the end.
But the question on the table is, "drop from what?"
The initial trading price on an exchange is not the same as the final ICO price. It might be lower, true, but it also might be considerably higher. Case in point: Ethereum. Its final ICO price - I checked - was 1'000 ETH per BTC, or a BTC price of 0.001. Did it start trading at that price? If I recall correctly, it started trading at well above 0.001.
This is the right answer.
That doesn't really count, because there was noone really buying for that price... The ICO participants couldn't just get their coins on the exchange to dump them directly ...
Oh right, I forgot.
Come to think of it, that "couldn't just get their coins on the exchange to dump them directly" explains some of the price drop after the initial listing. But a lot of it is explained by the same old excitement-to-boredom process.
